Huffington Post WRONG: They say that the two movies will BOTH be based on the book...
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Can't Post

Read the last statement: http://www.huffingtonpost.com/2008/04/25/the-hobbit-gets-a-directo_n_98551.html

Which is obviously wrong. "The Hobbit" does not cover all of that time and Guillermo even says: "...itís an integral part of telling the story of those 50 years of history lost in the narrative"

I sent an email to them asking for them to correct it. Unfortunately it was too late for my blog MarketSaw - I actually thought there was hope for a third movie for awhile based solely on the normally reputable Huffington Post! Grrrr.